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Elise EA MQ4 & MQ5 – Parameter Breakdown & Strategy Overview

📌📌📌 Buy this unlimited Elise EA Source Code MQ4 & MQ5 product here 📌📌📌

1. Elise EA MT5

Elise EA for MT5 is a grid-style Expert Advisor designed for disciplined trading in ranging or cyclical markets. Its customizable parameters offer fine-tuned control over entry layers, lot progression, and risk limitation. It is ideal for experienced traders seeking moderate compounding with controlled exposure.

⚙️ Core Trading Parameters

ParameterValueDescription
Lots0.01Initial fixed lot size for the first trade
Layer Multiplier1.2Multiplier for lot size of each new layer (e.g. 0.01 → 0.012 → 0.0144…)
PipStep210.0Distance in points between each grid order
MaxLots1.0Caps maximum lot size for any single order to avoid overexposure
TakeProfit300.0Fixed profit target in points for closing trade cycles
slip5.0Maximum slippage allowed during order execution

🌀 Trailing Stop System

ParameterValueDescription
UseTrailingStopfalseDisabled by default — TP is static instead of trailing
TrailStart13.0Minimum profit (in pips) before trailing begins (if enabled)
TrailStop3.0Size of trailing stop once it’s active

Trailing stop is turned off in this config, favoring fixed TP-based exit logic.


📊 Order Management

SettingValueDescription
Maxtrade Order Buy50Maximum number of buy-side orders opened simultaneously
Magic Order Buy852791Unique identifier for managing buy trades within the platform
Maxtrade Order Sell50Maximum number of sell-side orders opened simultaneously
Magic Order Sell852792Unique identifier for managing sell trades

💡 Magic Numbers ensure the EA only manages its own trades without conflicts with other robots.


🔐 Floating Loss Risk Control

ParameterValueDescription
Use stop a maximum floating lossfalseDisabled: The EA will not close trades based on floating loss
Maximum Floating Loss-500Dollar amount where trades would be force-closed (if enabled)

⚠️ This stop-out function is present but disabled, which allows deep grid cycles unless managed manually or via external EA.


🧠 Strategy Summary – Elise EA MT5

🧩 Strategy Component📌 Benefit
Grid/Martingale HybridGrows positions in layers with controlled multipliers
Configurable Pip SpacingUses PipStep to spread out orders and manage exposure
Conservative Growth Curve1.2x layer multiplier and 1.0 max lot size avoid aggressive compounding
Trade SeparationCustom magic numbers prevent trade overlap with other EAs
Optional Risk ManagementFloating loss protection system available but deactivated by default

🏆 Best Use Cases:

  • Traders who prefer grid-based trading systems with predictable behavior
  • Those focusing on gold (XAUUSD) or slow-trending pairs
  • Investors who want manual control over drawdown management
  • Portfolios that include low-risk, layered compounding bots

2. Elise EA MT4

Elise EA MT4 is a precision pattern-based Expert Advisor designed for scalping and intraday trading. Unlike its grid-based MT5 counterpart, this MT4 version focuses on high-frequency, low-pip target entries with strong internal control over trade logic, slippage, and trailing behavior.

⚙️ Core Settings Overview

ParameterValueDescription
Lots0.01Fixed initial lot size per trade (manual risk management)
risk: 0=fixed lots10Risk percentage used if dynamic lot sizing is active
Max Trades100Maximum number of open positions allowed
SL (Pips)10.0Stop loss in pips – tight stop for scalping strategy
TP (Pips)10.0Take profit in pips – matches SL to aim for a 1:1 risk-reward ratio
MaxSpread30Maximum spread in points (3.0 pips) allowed for trade execution
Slippage20.0Maximum allowed slippage (2.0 pips), ensuring execution accuracy

📉 Trailing Stop Configuration

ParameterValueDescription
TrailingfalseTrailing stop is disabled by default
TrailingExtra50.0Additional buffer in points for trailing (used when Trailing = true)
TrailingStop70.0Trailing stop level in points
TrailingStep5.0Trailing adjustment step
TrailStart10.0Minimum profit in points to activate trailing

🧠 The trailing logic is present but disabled. If enabled, it starts trailing once the trade is 10 pips in profit.


💼 Profit Management Target

ParameterValueDescription
UseProfitTargetfalseWhether the EA should stop once a profit target is reached
Profit Target15.0Profit threshold in account currency to stop trading (if enabled)

This is useful for day traders aiming for fixed daily profit goals and wanting to avoid overtrading.


📌 Summary – Why Use Elise EA MT4?

🌟 Feature✅ Benefit
Short-Term Scalping Logic10 pip SL and TP ideal for high-frequency, tight-range trading
Max Trades ControlHard cap of 100 trades prevents overload in volatile sessions
Spread & Slippage GuardEnsures execution happens only during optimal conditions
Optional Profit Lock-inDaily profit target option prevents emotional or overextended trading
Trailing OptionalityTrailing SL can be activated for dynamic exit once in profit

🥇 Best Suited For:

  • Scalpers on low-spread ECN brokers.
  • Traders using MT4 for EURUSD, GBPUSD, or other high-liquidity pairs.
  • Traders who want strict SL/TP logic without martingale/grid mechanics.
  • Day traders aiming to hit fixed profit goals and stop for the day.

3. Elise Gold EA MT4

Elise Gold EA MT4 is a specialized version of the Elise EA series, optimized specifically for XAUUSD (Gold). This EA utilizes a controlled grid-martingale strategy with customizable pip steps, lot scaling, and order management logic—designed for long-term profit and moderate risk.

⚙️ Core Trading Parameters

ParameterValueDescription
Lots0.01Starting lot size for the first trade
Layer Multiplier1.2Lot multiplier for each new layer (moderate compounding)
PipStep210.0Distance between grid levels in points (21.0 pips)
MaxLots2.0Maximum lot size to cap risk exposure
TakeProfit300.0Take-profit level in points (30 pips)
slip5.0Maximum slippage allowed during order execution

These values are balanced to handle gold volatility with adequate grid spacing and risk control.


🌀 Trailing Stop System

ParameterValueDescription
UseTrailingStopfalseTrailing stop disabled (fixed TP strategy is in use)
TrailStart13.0Distance in pips to trigger trailing (if enabled)
TrailStop3.0Trailing stop value in pips

🧠 Trailing logic exists but is disabled in this configuration, favoring static TP closes.


🔧 Order Management Structure

Order SectionValueDescription
Setting Order SellActiveSell-side order group settings
Maxtrade Order Sell50Max number of simultaneous sell orders allowed
Magic Order Sell852791Unique ID for identifying EA’s sell orders
Setting Order Buy/SellActiveShared group for both Buy/Sell behavior
Maxtrade Order Buy/Sell50Max number of orders in combined logic
Magic Order Buy/Sell852792Magic number for dual-directional mode
Setting Order BuyActiveBuy-side settings
Maxtrade Order Buy50Max number of simultaneous buy orders allowed
Magic Order Buy852793Unique ID for managing buy trades

🎯 Magic Numbers ensure proper trade tracking and avoid interference with other EAs.


🔐 Risk Management – Floating Loss Protection

ParameterValueDescription
Use stop a maximum floating lossfalseDisabled by default — EA won’t close trades based on floating loss
Maximum Floating Loss0.0No floating loss threshold set — EA will continue running regardless of drawdown

⚠️ For added safety, this option can be enabled and set to a value like -500 to cap losses.


📌 Summary – Why Use Elise Gold EA MT4?

✅ Feature🔍 Benefit
Gold-Optimized Grid StrategyTailored for XAUUSD with smart pip spacing and scaling
Modular Risk ControlCap lot size and total trades to limit exposure
Highly Configurable LogicSupports trailing stop, floating loss protection, and individual trade control
Unique Magic NumbersPrevents trade conflicts across multiple EAs
Suitable for ECN/STP BrokersLow slippage and spread filters ensure smoother execution

🥇 Best Suited For:

  • Traders focusing on gold trading (XAUUSD).
  • Users seeking a grid strategy with moderate compounding.
  • Traders preferring manual drawdown control rather than auto-stop.
  • Accounts with adequate margin to support multilevel trade stacking.

jason
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